Common use of Incapacity or Death of a Manager Clause in Contracts

Incapacity or Death of a Manager. In the event of the Withdrawal, incapacity, or death of a Manager, the remaining Managers, if any, may continue the business of the Company alone, or, at his or her option may appoint a successor Manager. If no remaining Manager exists, a new Manager may be named by a Majority In Interest of the remaining Members.

Incapacity or Death of a Manager. In the event of the Withdrawalwithdrawal, incapacity, or death of a Manager, the remaining ManagersManager or Manager, if any, may continue the business of the Company LLC alone, or, at his or her option may appoint a successor Manager. If no remaining Manager exists, a new Manager may be named by a Majority In Interest Unit Holders who own more than 50% of the remaining Membersoutstanding Units.